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    M.l. King Jr. Blvd Lubbock, TX 79403

    For Sale
    $412,000

    Prime Lubbock, TX commercial land; 2.365 acres.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 2.365-acre commercial land parcel presents a unique investment opportunity in Lubbock, Texas. Located on M.L. King Jr. Boulevard, this property is zoned for commercial use (Zoning 1) and offers significant potential for a variety of developments. Its prime location within Lubbock County, zip code 79403, provides excellent visibility and accessibility. The expansive lot size allows for substantial building plans, catering to the needs of franchisees, investors, and developers seeking a foothold in a dynamic market. Lubbock's robust economy, diverse industries, and strategic location make this a compelling investment. The property's address is M.L. King Jr. Boulevard, Lubbock, TX 79403, with GPS coordinates 33.5912658 latitude and -101.8183735 longitude. This offering represents a rare chance to acquire a significant land holding in a thriving Texas city, presenting a strong return on investment potential. The asking price for this remarkable property is $412,000. Don't miss this chance to secure your place in Lubbock's burgeoning commercial landscape.

    Property Features for 0 M.l. King Jr. Blvd

    General Information

    Property type
    Land
    Lot Size
    103,019 SF

    HighLights

    • $412,000 asking price.
    • 2.365 acres of commercial land.
    • Located in Lubbock, Texas, in Lubbock County, zip code 79403, on M.L. King Jr. Boulevard.
    • Designated Opportunity Zone.
    • Permitted Zoning: 1.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.8183735
    Latitude
    33.5912658

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    FAQs

    What type of property is this?
    Land - Prime Lubbock, TX commercial land; 2.365 acres.
    Where is this land located?
    The property is located at M.l. King Jr. Blvd Lubbock, TX.
    What is the asking price?
    The asking price for this property is $412,000.
    What are key features of this property?
    This property features: $412,000 asking price.; 2.365 acres of commercial land.; Located in Lubbock, Texas, in Lubbock County, zip code 79403, on M.L. King Jr. Boulevard.
    (806) 654-7828
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    M.l. King Jr. Blvd Lubbock, TX 79403
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